USDC

JuggernautSolid3512

If you like USDC u can straight up use EURC, same thing with €

Odd-Fun-1482

Are there any good USDC staking options out there?

makickal

If the utility of the coin is to replace stable coins or fiat like Doge, XRP, XLM than the simple answer is no. I'm not sure how this is confusing for Reddit. Institutions will just use stable coins on scalable L1s. It's not hard to see where most stable coin activity already is and where USDC is NATIVELY issued. CRYPTO BEYOND BTC WILL NEVER BE CONSIDERED MONEY. There are a ton of digital assets that are driven by revenue like HYPE & SOL Then there are a ton that have potential for future revenue like Ondo. The asset needs to capture revenue or have potential for future revenue or it'll eventually go to zero. The only exception to this are real SOVs like BTC and maybeeee ETH if enough people keep buying it. I'm not sure why OP thinks Ondo is anything like XRP. It's a completely different class of asset. It's revenue or bust. You guys need to learn to figure out what category each digital asset falls into and then figure out how much revenue or potential future revenue each digital asset is exposed to.

Grunblau

Unsure what to root for price wise with the final Algorand governance coming to a close…. The more depressed the price, the more ALGO I get from my LP pools, but my LPs were paired with Gold, Silver and USDC.

DrBingoBango

What would be the most cost effective way to swap USDC on stellar to USDC on Eth, sol, or polygon?

Fun-Ship-3466

USDC has 0 fees to send, unlike every other option.

coinfeeds-bot

tldr; Binance has introduced a feature enabling trades from centralized exchanges (CEX) to decentralized exchanges (DEX) directly using funds from Binance wallets, eliminating the need for asset bridging or manual transfers. Users can trade tokens on networks like Ethereum, Solana, Base, and BNB Smart Chain using stablecoins like USDC. This innovation aims to simplify the user experience, addressing common barriers in crypto adoption, such as complex interfaces and transaction friction, to make digital asset interaction more accessible. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Fun-Ship-3466

I've never had any issues. Granted, I pay my (1099) employees in USDC via Robinhood, not BTC.

JustDepartment1561

Apparently my USDC got transformed into USDC.e by using the MATIC-AVAX bridge

JeopardyQBot

everything blew up last cycle and the projects that didn't were all being sued by the sec. there was even a point USDC was trading at $0.90

chibiz

Ethereum and Ethereum classic isn't a rollback, it's a fork which requires social consensus unlike the stock exchange scenario. This is a technicality that's easy to overlook. Gavin Wood, a co-founder of Ethereum lost $300m and proposed a fork to undo the transaction which did not go through. There was also no fork for the Bybit hack. There would for sure be a rollback and clawback if a traditional stock exchange lost a billion dollars. To add on to that, bridged funds would require the social consensus and forking of multiple L1s to undo. Funds do get frozen at points where they can be controlled like when USDC blacklists an address, or an exchange claws back funds after they're deposited in an attempt to launder the funds. But attackers are free to maneuver the funds as they wish. It looks like the controversy you're mentioning involved a traditional exchange not stopping trading when things got out of control, isn't that the kind of thing you said security guys don't want to have their employers doing? and then rolling back trades that had occured, which is what you're saying can't be done easily? Sure some people who miss out on profits may cry foul but it does look like that's what's happened.  Cold storage keys don't touch the internet, or... they shouldn't in any scenario. They're only used to sign a transaction and the signatures touch the internet. Look up how Coinbase handles cold storage for example. In a competent exchange, key generation is done in a faraday cage. Laptops used for key generation are shredded. Teams are compartmentalized and there is no case where a dev can do something stupid with funds in the cold storage. Maybe there's an aspect of asymmetric encryption which you need to learn about too.  The back room is the hot wallets in which user funds are deposited and withdrawn on a daily basis. The cold storage is the vault. Maybe that's just another technical aspect that needed clarification.  The competitive advantage is being able to trade things which traditional exchanges don't offer. The idea of crypto goes against centralized exchanges in general though so really there isn't a competitive advantage as crypto hopes to eliminate the need for centralized exchanges in the long run. Basically the Blockchain is the real vault in your analogy, and each exchange we deal with on a daily basis would be the "brokers." So regardless of competitive advantage and other nonsense... it all boils down to the fact that on a Blockchain, $1.5b can be taken and there are no rollbacks. On a centralized exchange, you bet your bottom dollar nobody is getting away with taking $1.5b flat out. 

iwakan

Uh, being the biggest smart contract platform with more than a hundred billion dollars worth of tokens depending on it for security? Including tokens like USDT and USDC and defi platforms that sees more actual trading and usage than even bitcoin?

_bydarwinsbeard

Agree, it’s kinda weird. Crypto like BTC or DOGE just fluctuates way too much for big transactions. A stablecoin like USDC makes way more sense for that. For regular folks, crypto’s fine, but for larger payments, you need something more stable

loupiote2

\> "Both tokens run on the Polygon network, and that’s why the transaction went through." transaction with an unsupported token will go through anyway, because a transfer only involves the blockchains, and the blockchain cannot know that Revolut does not support USDC.e on Polygon. Just ask Revolut to send you back the USDC.e funds. Next time, check that bridged USDC (i.e. USDC.e) are supported, or do a test Tx first. In fact, you are blaming Revolut but you are the one at fault here, based on everything you described.

kyuronite

Have you deposited USDC before into Revolut prior to October 2023? USDC has two contracts associated with it, the one that you used is the USDC.e which is bridged MATIC, which is not the same as native USDC. Most exchanges ask you to double check the contract address on the network you're sending from as well. Since you sent it on USDC.e, they have to manually retrieve the funds for you. This is not usually as simple a task as you think. In theory, they just need the private keys to that wallet, add the token, then send it back to you. However, **revolut does not hold the crypto directly. It is with a third party trusted custodian**. Hence, they'll have to work directly with them in order to retrieve it. Some exchanges will just tell you, too bad so sad, you're shit out of luck. Some exchanges WILL retrieve it for you, but it'll cost you a fee. Think like ~50 USD + % of funds sent. You should probably ask them to do that and you'll have to provide proof that you sent it by providing receipts that you own the wallet (or if it came from an exchange, the withdrawal request) as that'll be where they'll send the funds back to. In any case, it IS considered best practice to send a test transaction first, before you sent the full amount. Sucks it happened, but yeah, exchanges do have it in their written TOS where if it's sent through an unsupported network/coin, you're at their mercy whether or not they'll retrieve it.

fairysquirt

No offense But you're still missing the point. Yes the 0x is only used for you, but its likely not the only one. If you do the deductive reasoning step by step you'l immediately see what went wrong. In their UI go to Deposit, find USDC, see if it has Polygon first, then see if it shows the CA of the token they accept (most Cex do). There's two USDC on Polygon so. I bet when you look you either find they've allocated you a different deposit address for that, or they don't have the CA of the USDC.e Its not a technical issue, of course the funds are there and sent correctly its blockchain lol. Its about how Cex manage their keys, and not assuming they will be monitoring for anything you send them on any chain just because your zrx 0x addy is EVM compatible generally. They Do Not operate as a DeFi wallet. Send assets on different chains to the ETH deposit addy on any CEX in crypto, see how it turns out. Vast majority of the time you'l be in the identical position filing a ticket for cross chain recovery they may or may not honor. Technically I agree with you, and this has always pissed me off about centralized exchanges, that's why I took my business on chain and manage it myself.

lowercaseCapitalist

IDK, my USDC is about to moon I reckon, it's about due. Coiled spring, you heard it here first.

Kike328

isn’t USDC.e bridged USDC making it a different token? At least that’s how it works in arbitrum and usually you have to take special care about which one are you using. I mean, they have a case, they can support native USDC from polygon and not the special bridged version

Lavasioux

FT's Wisdom Tree is pretty amazing- Tokenizing stocks, so that consumers can buy and sell near instantly. Also Decaf is built on Stellar and can swap between USDC Solana and USDC Stellar for zero fees, and off ramp for zero fees. That is amazing to me. Big Stellar fan here. Add me on SkullFriend 💀

biba8163

Banks, Money Transfer companies and Financial Instituitions have stated over and over again that they cannot use shitcoins like XRP, XLM, etc which have been scamming gullible crypto investors as money transfer solutions for banks and financial institutions: Here is JP Morgan on the how Stablecoins and CBDCs are unlocking billions in value in global money transfers but shitcoins like XRP aren't used: - High volatility of XRP leading to limited willingness from banks in using it to facilitate payments - Relatively high costs owing to spreads between fiat and XRP https://www.jpmorgan.com/onyx/documents/mCBDCs-Unlocking-120-billion-value-in-cross-border-payments.pdf?trk=article-ssr-frontend-pulse_little-text-block Even Ripple has said Stablecoins are the future for *"efficiently transfer value across borders"* and they are launching their own Stablecoin: > Stablecoins like USDC offer a revolutionary pivot... efficiently transfer value across borders, bypassing traditional banking systems and eliminating many associated risks....Lower transaction costs compared to traditional banking. As low-fee alternatives to traditional money transfer methods, stablecoins can facilitate global transfers without foreign exchange fees. As the integration of stablecoins into the banking system continues, they promise to reshape the financial world, offering enhanced efficiency, inclusivity and innovation. This evolution is not just about adopting new technologies but is a step towards a more interconnected and resilient global financial system. https://ripple.com/reports/the-functional-evolution-of-digital-assets.pdf Not only are banks using Stablecoins but banking giants like JP Morgan, Mitsubishi UFJ Financial Group , etc have their own blockchain networks, coins, tokenized assets. The idea that banks and financial institutions are all going to be using XRP or XLM is a scam hype narrative to dump useless tokens on gullible crypto investors: - JPM Coin from banking giant JP Morgan is a bank coin. (Note, JPMorgan has rebranded JPM Coin to Kinexys Digital Payments) - Progmat Coin from Japanese giant Mitsubishi UFJ Financial Group is a bank coin. You will hear bankers talking about banking coins, their permissioned institution-to-institution networks that create deep liquidity pools for moving money world wide. You will never hear these big banks working with Ripple to use XRP. > We move 10 Trillion dollars around the world every day. JPM Coin institution-to-institution solution to major inefficiencies of the current payment system. . Working in a permissioned environment with companies that are trusted and trust each other. Where they can move money within the ecosystem 24/7. Today we move a billion dollars every day for a number of large companies.......the next step is how to bring a retail version of that to consumers. Obviosly central bank digital currencies are one way to do it but there is also an opportunity for banks to create commercial versions of that. That is the next version for us for innovation. https://www.bloomberg.com/news/videos/2023-10-26/jpmorgan-s-georgakopoulos-on-global-payments-strategy-video > Last year, MAS launched the Global Layer One (GL1) initiative to foster the development of a public permissioned foundational digital infrastructure, upon which commercial networks could be deployed creating an open, digital infrastructure enabling cross border transactions and global liquidity pools. Since the launch, MAS and a core group of global banks, namely BNY, Citi, J.P. Morgan, MUFG and Societe Generale-FORGE, have been leading efforts to define the business, governance, risk, legal and technology requirements of the GL1 Platform. > The Kinexys Digital Payments removes traditional treasury friction points and is ideal for managing real-time liquidity through cross-border payments beyond currency cut-off or non-banking hours, such as on banking holidays and weekends. https://developer.payments.jpmorgan.com/docs/treasury/global-payments/capabilities/global-payments-2/jpm-coin-system > Mastercard (MA) has connected its blockchain-based system for shifting tokenized assets, the Multi-Token Network (MTN), with JPMorgan’s (JPM) recently rebranded digital assets business Kinexys https://www.coindesk.com/business/2024/11/21/mastercard-and-jpmorgan-link-up-to-bring-foreign-exchange-on-the-blockchain

FireHam

"I used USDC.e" \- A different token lol "and revolut claims they support Polygon" \- USDC on polygon lol, different network, which is why you get an option "Both tokens run on the Polygon network, and that’s why the transaction went through." such ignorance "The funds are there, in that same wallet, visible on Polygonscan." lol "They’re just too bored to manually transfer them back" You sent the wrong token, on the wrong network, and you are blaming Revolut. You would be LUCKY if you get it back. This is entirely user negligence.

JustDepartment1561

I used USDC.e, and revolut claims they support Polygon. Both tokens run on the Polygon network, and that’s why the transaction went through. The funds are there, in that same wallet, visible on Polygonscan. They’re just too bored to manually transfer them back

fairysquirt

Idk you seem confused. I'm not talking about how blockchain works. Of course the funds are there you sent them there, but that doesn't make it your allocated 0x for either polygon deposits or USDC deposits, and on the USDC deposit page it will say the CA of the specific USDC token they accept. This isn't some anomally you've ran into, its identical on most cex, they won't ''recover'' assets sent to the wrong 0x they have them designated for and if they do they charge a fee. That privkey doesn't belong to you, it belongs to them and you don't decide how they manage it, they do. Their hot and cold wallet setup may be per asset. They need someone at Revolut with the authority to access the root private key as their system isn't setup like your defi wallet where those low level staff can deal with every asset on one key on every compatible chain. Like I said, go to deposit, click on USDC, see what chain options they have, if they have Polygon, see what the CA is for the USDC they accept. I mean if they just gave you the privkey of that addy you could 'recover it' yourself, or wouldn't need to. This is why you should be using your own wallet, with your own keys on audied defi noncustodial DEX. I've lost alot of ETC this way on Bitfinex, they refused to return or credit it on ETC network, because I deposited it to a Callisto address which is a token riding on ETC. Its ETC, sitting on an address they monitor on ETC blockchain lol. Yours might not even be the right designated address for Polygon.

fairysquirt

Lol other Eth transactions RIP. For CEX every token has a different address often enough. Do me a favor, go to Revolut, go to deposit USDC, what addy does it give? Also what CA does it give for that token.

MaximumStudent1839

USDC and Tether for the win. Their price is immune to supply increase - at least for now.

Known_Click

AAVE just gives an 3-4% for USDC which its pretty low imo

KomorebiParticle

Or back out to a dollar…my point is that the increase in supply of USDC is not ‘viewed as how much more buying is needed to achieve the same price’ but I suppose you just lumped these two in the list even though they mean different things.

KomorebiParticle

Bullish on USDC and WBTC even if these metrics make no sense.

Guilty_Fisherman5168

Ok don't think of it as a good investment but an acceptable store of value that comes with privacy. USDC is pegged to USD which is guaranteed to be debased and lose value over time. Its value decreases slowly but those losses are guaranteed.

reed5point0

It only looks degen, but under the hood it's really cool. It lets you long one token and short another. Unlike a traditional perp trade of USDC vs \_\_\_\_\_ , pairing two alts vs each other is kind of neat in the sense that when BTC goes down they all go down...you just need YOUR pick in the fight to not go down more than the other. You just say "this token will outperform this other token, and it does all the credit account setup on Mars Protocol etc behind the scenes. I just opened this BTC vs TRUMP token...I call it "Rome is burning" https://i.redd.it/mverg6lszire1.gif

penarhw

Not overthinking at all, stablecoins have different trade-offs, some prioritize decentralization (DAI), others liquidity (USDC), and some offer native yield (RLUSD, sDAI). It’s less about redundancy and more about choice. Personally, I use Spark to earn 4.5% on stablecoins while staying liquid.

reed5point0

When Neutron launched it was secured by COSMOS Interchain Security (ICS), meaning it didn't have it's own validator set and it got its security through the COSMOS network. While a great idea on paper, relying on large centralized validators like Coinbase always stalled chain upgrades. So Neutron is now breaking from ICS and going independent on security. Still part of the IBC and whatnot. The IBC just connected to Ethereum with a few test sends happening this week. Soon all cosmos chains can easily interact with ETH and other EVM chains. Cosmos itself is open sourcing the EVMOS EVM bridge However I feel the sleeping giant is very much Neutron especially with their new "roadmap" [https://x.com/0xSpaydh/status/1905289462034403835](https://x.com/0xSpaydh/status/1905289462034403835) Mars Protocol just launched Perps, Jade has USDC yield in a novel way that's 1:1 backed, Bull vs Bear is so freaking fun to put alt tokens against each other in combat. DROP is bringing the LIDO Liquid Staking Alliance to the entire cosmos.

typoerrpr

saving you a click. what are those > Following the Vote to List results and completion of due diligence, Binance will list mubarak (MUBARAK), CZ’s dog (BROCCOLI714), tutorial (TUT), and banana for scale (BANANAS31). Each of the tokens will have trading pairs with USDT and USDC. Deposits opened earlier on March 27, while withdrawals will become available on March 28.

pop-1988

There's no point in "all these". There's a great point for the two popular stables. USDT famously lost a lawsuit in which it admitted it was only 84% backed, was required by court order to have its funds audited, and still has not complied. In attempting to semi-comply, Tether made up a list of assets which covered the shortfall - loans to related entities Given this poor reputation, with years to fix the problem, and still no audit, Tether is not trusted by everybody. So it makes sense for those who don't trust Tether to use USDC instead None of the other USD-backed stables are big enough to discuss There are algorithmic stables, especially the DAO one, partly backed by meatworld assets like bonds Given that the USD is on the verge of collapse, thanks to extreme tariffs and extreme sea-freight container port taxes, it makes sense to consider than a Euro stablecoin, or an AUD stablecoin might be more **stable**

StatisticalMan

There will eventually be consolidation. Right now everyone wants to be the stablecoin equivelent of VISA and MC. Personally I like USDC. They are second largest and audited/regulated unlike Tether with "trust me bro" backing.

Trick-daddy-420

Been doing this for a while. Always make sure your portfolio is at least a certain % cash and it can work well. You don't ever wanna use up all your cash and be in a situation where you have to sell at a loss because you need money. Fiat is a necessary evil for the time being. I do not have a traditional savings account. I just add 10-20 USDC to my coinbase account daily and use half of what I add every day to buy crypto and then the rest is saved as cash and that's how I save money. It earns better interest on coinbase than it would in any savings account lol

Extra_Ad_8187

when it’s high, I just don’t t buy as much, and stack USDC instead, like always trying to have a small % to buy when it falls again. In general, always buying, my amount of buying depends how euphoric the market is. the more euphoric the lesser amount bought. Just wondering how much of gambler that is supposed to be…

Masteezus

You realize having a stable coin is a profitable business, correct? Otherwise what money would circle (USDC) have? They make money on the transaction fees as well as reinvesting their assets under management (eg stablecoins held) to get ~5% return. If Trump personally owns the printing press - then he’s able to keep all of the profits of the U.S. financial institution going forward. Also he has the ability to print/mint. There may be a proof of reserves requirement but knowing Trump he will skirt that and could for instance mint 1B with 1M actually backing (and maybe proof of reserves only requires a small amount of backing like 1-10% - TBD, haven’t seen the bill). Nonetheless they could also blocklist addresses. Eg political opponents from receiving or sending said token. This is all around a terrible way to approach. All for stablecoin regulation. The President or really anyone in politics should have no control or ownership of the protocol. Massive red flag.

Future-Tomorrow

What would that fraud look like on a stable coin? Tether/USDC? Explain it to me like I’m 6, though I’m already with you in that if Trump is involved, this needs to be monitored very very carefully.

jawni

>If the major players have all sorts of problems keeping their stable coins pegged ??? When have the major players ever had "all sorts of problems"? USDC briefly depegged because of the bank issues, but beyond that... what has there been?

ThinNeighborhood2276

Impressive growth for USDC! Circle's multichain strategy seems to be paying off, especially with significant adoption on Ethereum and Solana. Do you think USDC could eventually surpass USDT in market cap?

sinan-aydin

The pro crypto stance of the new US administration along with increased regulatory clarity could indeed attract more capital to US based crypto projects. Institutions like the NYSE acknowledging crypto is a strong signal of mainstream adoption potentially benefiting companies like Coinbase USDC and emerging L2 solutions. however sustained growth will depend on how regulations evolve and whether they foster innovation while maintaining compliance.

Amazonreviewscool67

This is the kind of change I was looking for as exchanges and DEX liquidity slowly shifts from USDT to USDC Not enough to crash, but just enough to keep the market stable (pun intended)

bratukha0

Damn, $10B on Solana? Bullish AF for USDC, ngl.

Dark_Raiden_

I am shorting yes. I do hold about 7 ETH. Thats my fail-safe in case im wrong. I then also have a lot of USDC to buy cheaper.

Crypt0phr3nik

Think I'd sell 25% into USDC and HoDL the remaining 75% to see where it goes. Take the USDC and throw it into a series of lower risk stablecoin pools to earn a decent yield and start reaccumulating those sold sat's.

Tip-Actual

It's already available. I use the Metamask digital debit card which is directly sourcing USDC residing in my Linea L2 Ethereum wallet. What more do you want ?

Aggressive-Builder74

It surely spending crypto. I pay with my USDC. So this is crypto. Decentralization is a dream. The powers that be will never allow it. The biggest part of my crypto is on my hard wallet. When i need money i send it to my card. So i spend my crypto.

MidAftersPhilosoper

I do Coinbase and sign up for Coinbase One. The subscription pays for itself in fees and can front load cash into USDC and earn 4.5% APY as I DCA it

GreedVault

>In one example, the launderers [swapped](https://etherscan.io/tx/0x14b910b4044eb0c64ce080c02e836eec8302f0fcfe3ffc5c757373bfba313845) $90,000 USDC for just $2,300 USDT — an $87,700 loss. While the wallet that submitted the transaction loses money, that amount lost gets picked up by the launderer’s trading bot as an arbitrage profit. This kind of strategy might be really hard to identify.

coinfeeds-bot

tldr; North Korean hackers, including the Lazarus Group, are using a new crypto laundering method by mimicking inexperienced traders. They engineer token swaps that appear as bad trades, losing money on purpose, but actually profit through their own trading bots. This tactic turns illicit funds into seemingly legitimate profits, bypassing detection. The scheme involves stablecoins like USDC and USDT, decentralized exchanges, and trading bots exploiting blockchain arbitrage techniques. Security experts warn this is an evolving strategy to evade anti-money laundering measures. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

riscten

Oh there absolutely are taxes with stablecoins. Every trade is a taxable event. If you sell BTC for USDT, USDC or DAI, and have made a profit, you are expected to report that gain and pay taxes. DEXes are about giving you full authority over what you do with the reporting, and about maximizing control over your coins. A good spot DEX will never hold your coins like a CEX does, the moment you send money, the trade is executed and you are sent back what you bought, to your own non-custodian wallet.

ronchon

Here's a small market cycle indicator tip: watch for the borrowing rate of USDC on AAVE. When it starts going down, it means the bull cycle is closer to the end, my hypothesis being that it's because smart money is de-leveraging and taking profits thus closing their loans. It's been going down since the beginning of the year now, after peaking at the end of 2024.

OwlPay_Wallet_Pro

Hi everyone! 👋 Just dropping by—OwlPay Wallet Pro is coming to Canada! We expect to launch there in May! Stay tuned for updates! If you're looking for an easy way to buy USDC with cash, we’ve got you covered.

MateoG42

Hedera is not a blockchain, is a Hashgraph network and it has its own potential. Recently Hedera has incorporated USDC into its network, why is it important? Thanks to this network and its fixed transaction fees, you can move thousands, hundreds of thousands, or even millions of USDC for less than a cent, since "Fees on Hedera are fixed, denominated in USD, It costs less than 1¢ USD to transfer any sum of HBAR, stablecoin, or other cryptocurrency minted on Hedera." It also have its own DEX: saucerswap And memecoin space: memejob.fun Wallets like hashpack works fine never had a problem Its matter of Time for people to discover everything it has to offer

dalehub

You could narrow that down to BTC, ETH, BNB, SOL, USDT, USDC and USDe really 😁

krakensupport

Hi 👋 USDT is [geo-restricted](https://support.kraken.com/hc/en-us/articles/where-is-kraken-licensed-or-regulated) in some regions, but there's USDC as an alternative 🙏

deviantgoober

Bullshit. USDC/USDT are the dollar, and they are the largest stablecoins in existence. And with the introduction of the stablecoin laws being passed, its going to mostly be backed by treasuries. So their net effect is going to be nothing on the dollar's decline because they are just crypto equivalents just like money is the bank is digital equivalents. Now is BTC going to eat the dollar still... absolutely bet your ass it is.

HoldCtrlW

I just DCA into USDC. It's been testing $1 for so many years, will break out soon

True-Culture2804

USDC is fine. Stables can be impacted by high market volatility sometimes.

Zarigis

Agreed, OPs strategy is unnecessarily complicated. Just keep a balance in Dai/USDS/USDT/USDC and then deposit into Binance whenever you want to trade for fiat. The employer can just keep a balance on Coinbase or have their own stablecoin balance in their private wallet, and send it directly to OPs wallet.

hunleyj

Nice! I have the opposite situation. I deposited USDC and earn maybe 4%. Then I borrowed 400 SOL at about 1.5%, keeping LTV low so I can sleep at night. I then invested the 400 SOL elsewhere. In this case, if SOL plummets to zero, my loan is fine. I just repay it with 400 worthless SOL. If instead it skyrockets, my LTV will go up, and eventually they’d take some USDC to buy SOL and repay the loan. They’d buy enough SOL to bring my loan back into LTV range, they don’t liquidate my entire position. I’d still have the 400 SOL that I’d borrowed so I’d sell those and pay myself back. So basically I’m never gambling on price changes, I’m just generating yield using leverage.

King-esckay

I used nexo, the interest rates where very high 19% I put up BTC, and the liquidation level was 39k, so I felt safe The advantage was that there are no repayment schedules The disadvantage is compounding interest However, for me, I needed to raise 25k AUD and borrowed 25k USDC Getting a traditional loan meant mortgage increase and would take about 6 weeks to organise Took 10 minutes to put BTC up as collateral and then have the AUD in my bank account. This was for a business, so interest was tax deductible. I purchased BTC monthly with the business to "repay" the loan which was placed into the savings side of the wallet at nexo exhange earning 6% i think it was, by the time I had repaid the loan nearly 2 years later I owed 32k USD In the end, I borrowed 25k USDC and paid back the loan for an outlay 8k AUD Very good outcome for me I have a friend who has borrowed to increase his crypto holdings, and he is always worried about liquidation. So the short answer is, it can be great and it can be risky, I borrowed when BTC was low and paid back when BTC was higher.

sks143

Yeah, nah. Swapping ADA for USDC is 100% a taxable event in most jurisdictions. You’re selling ADA (a capital asset) for USDC (another asset), which means it’s treated like disposing of property. The tax is on the gains between what you bought ADA for and what it’s worth at the time of the swap. Only loans against your crypto (like borrowing USDC using ADA as collateral) avoid triggering a taxable event. Big difference.

Any-Ad-2925

So u mean if i swap like ADA for USDC then it is not an taxable event?

Professional-Ad-9055

Hbar is slowly gaining ground on stable coin market, USDC will be the new standard

Aggravating_Fold1154

Doesn't it make more sense, though? Isn't Solana faster and cheaper than Eth? Millions of dollars of USDC have already been printed on Sol.

R4ID

> So you clarified that xrp has no users by your metric BTC has no users because there is no issuances on it either. do you understand yet why we dont measure "does it have users yes or no" via "does it have USDT and USDC"

R4ID

So because USDC and Tether won't issue a Stablecoin on their chain it means there's no users? is that the criteria now? do you hear how silly you sound? Stop lying and I wont have to make you look the fool you are.

skarrrrrrr

Yes but make sure you do it in Ethereum mainnet. Its not about the coin itself ( USDC or USDT ) but about liquidity flows and security.

Blicktar

Read up about the USDC depeg and how it all went down. I won't explain it all to you here, but suffice to say it can be a challenge to deploy capital quickly enough to maintain a peg, that can damage investor confidence and fundamentally cause the equivalent of a bank run. Assuming that Circle has reserves and can mobilize them, it turns out fine in the end (as happened a few years back). But if they are holding too much in, for example, long term bonds, it can be an issue. If a bank they are holding reserves at fails, it can be an issue. The system generally performs well, but failures can have cascading impacts. Read into how USDC reports its' reserves for yourself as well. Don't trust anyone who is saying "It's always fine" or "It's always fucked". They have no idea what they are talking about. There's risk, but in my estimation not massive risk. Sorry there's not a simpler answer here, but this is the most realistic answer I can give. It depends, and it can depend on things that are not necessarily in Circle's control.

r0ssum

USDC

jawni

Find better sources. DBCrypto and Wazz are notorious for constantly trying to FUD Solana. What actually happen was a lot of the volume came from an MEV account, and that account lost it's delegation because of the sandwiching, leading to it winding down the operation. https://x.com/artemis/status/1806311804534161555 A lot of volume on every chain comes from MEV and arbitrage, another example is a bot on Base literally paying 20% of all the fees Base generates as well as 30% of the ETH/USDC volume and 40% of the cbBTC/USDC volume: https://x.com/smyyguy/status/1870953803606049064

Snoo-60254

USDC is backed up 1:1

cheesyballsax

USDT and USDC are two of the largest stable coins in the crypto market. You should be fine. If they disappeared, pretty sure crypto market would crash.

RamjetDoodles

USDC

Macknoob

It literally is true; don't believe that link? What about [this one](https://www.fxleaders.com/news/2025/02/27/hbar-price-struggles-at-0-20-despite-swifts-150t-gamble-on-hedera/). ... OR [this one which literally has the girl from Swift saying they use Hedera](https://x.com/AngelofYHVH/status/1894730351102083299/video/1)? 😂 This is [the full video](https://www.youtube.com/live/sR5OFHW9JBU) on YouTube from HederaCon last week where she said it. That is true, and ABDN, a financial institution with half a trillion in assets is [on their governing council](https://hedera.com/blog/abrdn-plc-joins-hedera-governing-council-cementing-its-vision-for-web3-and-client-centric-fund-management) is [digitizing real world assets on Hedera](https://www.ledgerinsights.com/abrdn-tokenize-money-market-fund-hedera/). WorldPay is set to use Hedera for [$3 Trillion in annual transactions by 2028](https://hedera.com/users/worldpay). World Pay literally talk about using Hedera to enable real time payments in USDC at Hederacon 2025 in that same YoutTube video above. It's not even the first big names using Hedera, Boing and Fidelity Information Services has been backing it [since 2019](https://finance.yahoo.com/news/boeing-fis-global-join-hedera-180509120.html).

foxy502

USDC and earn sweet high APY!

Expert_Joke8013

I heard USDC is about to go exponential

GamersFeed

USDC

Praise_Helix_420

USDC

Roland_91_

No no.  Answer the question. Are you happy with the current state of crypto? Do you enjoy the pump and dumps? Do you find the constant eth bridge hacks funny? Does the USDC's ability to freeze any and all funds without any legal oversight make you feel confident and stable?

yebyen

How are you going to get leverage on your coins that nobody else owns? When you invest $500, you buy the coins from yourself to create fake volume? When you sell, whose liquidity will you sell into? I'm not saying this can't work but you're not going to get any exchange to offer leverage for your coin that has a market cap under $10M (and I think you didn't get exactly how a market cap works, either) When you control 100% of the supply you can set the price, until you've sold some, then you will give up some control of the price. If you mint 1 billion coins and you buy 500 of them for $500 then theoretically you have a market cap of 1 billion dollars. When you buy your own coins, are you creating a liquidity provider like Uniswap v4 and selling USDC into it? At what point does the leverage come in. If you are not understanding how this works, in detail, I think you are likely to lose your $500 - twice. But it could work. When you create a coin, bots take note of it right away. What they do next is anyone's guess. How did you plan on getting leverage though?

bluedoorhinge

Forgot to mention it's available on NonKYC as well where you can also trade using USDC. Volume is highest on NonKYC currently with over $250k on there alone

coinfeeds-bot

tldr; LIBRA co-creator Hayden Davis has reportedly cashed out over $1.6 million in funds linked to trading the cryptocurrency, according to crypto analyst 'dethective.' Transactions show Davis converting funds from LIBRA and other alleged scams into USDC. Davis, a former crypto advisor to Argentina’s president Javier Milei, allegedly profited over $100 million through his firm Kelsier Ventures. LIBRA's promotion and subsequent crash led to significant investor losses, corruption investigations, and political fallout in Argentina. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Krayaan

Binance, BNB? or USDT? (BEP20) USDC has much higher fees

126270

Binance, USDC End of story

kshtwgky59

$719,680,221 USDC has just transferred to Coinbase Pump soon?

DescriptorTablesx86

I can only borrow USDC on binance but most trading pairs are for USDT.

MVazovski

I missed USDT in 2021 I will NOT miss USDC in 2025. Wait for me, endless wealth.

CryptoCryBubba

You do know "Binance Square" is not a legitimate news source? It's literally just engagement-farming social media disguised as news articles. People from low socioeconomic countries pumping out click-bait for $$$ i.e. earning USDC per click/like etc... (Not that dissimilar to most crypto media outlets and websites to be honest... just that they have an "editor" for grammar, spelling and typos... not necessarily for truthfulness!) The bar for crypto "media" is very very low.

kill-dill

If this is the one I read about today, someone front-ran the trade and removed liquidity from one side causing massive slippage between two USDC variants. Sad part is he paid 207k to be at the top of the block, so he only made 8k off the exploit after stealing 200k

Vast-Equal-4425

The best way is to open a Coinbase account and deposit USDC to it. Then cash out once your deposit is settled by Coinbase.

Every_Hunt_160

Binance does almost all trading pairs in USDT and not for USDC, this is the main reason why I trade USDC to USDT before I send my stablecoins to Binance for trading

Zestyclose_Acadia_40

That IS the explanation of what happened. Here it is in other terms maybe you can understand. Ask any AI chat bot next time you don't understand something.  From ChatGPT: A bot could front-run a Uniswap v3 liquidity pool and swap out all liquidity by strategically placing a swap transaction before a user's transaction, exploiting the temporary imbalance to profit from the price difference.  Here's a breakdown of how this could happen:  Front-Running: A bot monitors the blockchain for pending transactions, including those involving Uniswap pools. Identifying the Opportunity: The bot identifies a user's large swap transaction (e.g., swapping a large amount of USDC to USDT). Strategic Swap: Before the user's transaction is executed, the bot places a swap transaction to exhaust the liquidity in the pool, either by swapping out all of the USDC or USDT. Price Manipulation: The bot's swap transaction, which is executed before the user's, causes a significant price shift, making the user's original swap less favorable. Profiting from the Imbalance: After the user's transaction executes, the bot can then swap back into the original tokens at the manipulated price, profiting from the price difference.

Zestyclose_Acadia_40

"The trader was using a USDC-USDT liquidity pool on Uniswap V3, which is one of the most liquid trading pools for stablecoins. According to DeFi researcher Michael Nadeau, an MEV bot front-ran the trader's transaction by swapping out all of the liquidity, causing a disparity in prices between two coins supposed to be pegged to $1. The bot also tipped a block builder called bobTheBuilder to process its transaction first." - The Article

andys811

The obvious reason is arbitrage. Also adding liquidity to pools may be better to have one or the other depending on the protocol. On coinbase I can send USDC free so if I send USDT to coinbase if I want to send it back I trade it to USDC to avoid fees (0% fees on USDT-USDC on coinbase advanced). Also alot of exchanges futures market use USDT as settlement so if u have USDC you will want to trade it to USDT to be able to trade futures. Apart from these practical reasons another reason may be trust. USDT has a higher market cap but the general consensus is that USDC is safer due to Tethers history regarding audits and concerns over USDTs reserves

AnoAnoSaPwet

I was tracking Trump's exit liquidity scam from the beginning. They were just pulling money straight out and have been since inception. They have an exit window because they are institutional investors. A window that most crypto users can't afford to have access to.  The big red flag, is the USDC trading pair. Swap for USDC, and cash out. Any liquidity that is held or locked, is paid out in Trump coin that is immediately sold AND USDC which has an immediate withdrawal option.  They are just cleaning up Solana with it. As long as it stays relevant, it's going to vacuum any and all liquidity on Solana. 

ikari_warriors

If you’re based in Europe some CEX have started to restrict USDT, so you can only trade and withdraw USDC. So maybe they sent USDC and then wanted to swap to the more commonly used USDT?

DivingDeep21

Would someone explain the reason for USDC swap for USDT?